Technical
Financial
Distress signals
Property profile

511 Lee Hwy Cleveland, TN 37311

OFF-MARKET
Warehouses
Property ID
US80-0922451
20,389 SF 1.98 ac lot Built 1944
Individually Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1944
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 20,389 SF
Lot 1.98 ac (86,249 SF)
Zoning code CH
APN 057C D 003.00 000
UPID US80-0922451

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Sports Field & Court
  • Auto Parts Store
  • Auto Repair Shop
  • Gym & Fitness Center
  • Gym & Fitness Center

Location

511 Lee Hwy Cleveland, TN 37311-5848
Cleveland metro Census 10700 CLEVELAND, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$945k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$910k

Owner & transaction history

since 2021
Last sale
$1.0M
4 recorded transactions
2021
$1.0M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CH · Cleveland, TN
Zoning description

CH zone. E. Car wash. F. Oil change facilities. (As amended by Ord. #11, March 2001, Ord. #20, March 2002, and Ord. #23, Sept. 2002) G. Animal Kennel and Boarding (as amended by Ord. #25, Aug. 2020) H. Nightclubs (as ame…

General category COMMERCIAL
Top alternative use upside
Retail stores $1.5M +11.1%
Auto repair, garage $1.5M +6.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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